MidWestOne Financial Group Inc. Sells 141 Shares of Microsoft Co. (NASDAQ:MSFT)

MidWestOne Financial Group Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,460 shares of the software giant’s stock after selling 141 shares during the quarter. Microsoft makes up about 2.5% of MidWestOne Financial Group Inc.’s investment portfolio, making the stock its 3rd largest holding. MidWestOne Financial Group Inc.’s holdings in Microsoft were worth $13,614,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc increased its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the period. Innealta Capital LLC acquired a new stake in Microsoft during the second quarter worth about $75,000. Bellevue Group AG increased its holdings in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the period. Bbjs Financial Advisors LLC raised its position in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on MSFT shares. Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. Finally, Sanford C. Bernstein lowered their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,829 shares of company stock worth $80,966,837. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $425.20 on Thursday. The company has a market capitalization of $3.16 trillion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35. The company has a 50-day simple moving average of $421.38 and a 200 day simple moving average of $425.44.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the firm posted $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is presently 24.75%.

Microsoft declared that its board has authorized a stock repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

About Microsoft

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.